Bank Statement Converter for Maritime Workers and Merchant Mariners

Merchant mariners, offshore supply vessel crew, tugboat operators, ferry workers, and maritime pilots can convert bank statement PDFs to Excel or CSV to document rotational employment income — typically 30 days on/30 days off or similar hitches. Essential for mortgage income verification when rotational schedules create irregular deposit patterns, and for documenting union dispatch income from MEBA, MMP, or SIU maritime unions where paychecks arrive by hitch rather than weekly.

Key Benefits

• Documents rotational hitch income deposits that arrive every 30–90 days
• Tracks union dispatch income and overtime for MEBA, MMP, SIU members
• Offshore pay documentation for Jones Act and foreign-flag vessel workers
• Annual income annualization from lump-sum hitch payments for mortgage qualification
• Military sealift command (MSC) civilian mariner income documentation

How It Works

1. Step 1: Upload personal bank statement PDFs (24 months)
2. Step 2: Select Excel output
3. Step 3: Identify hitch payment deposits and calculate annualized income
4. Step 4: Submit to lender with MMC credential, discharge book, and union dispatch record

Frequently Asked Questions

How do merchant mariners document irregular hitch income for mortgages?

Mariners paid by the hitch (voyage) may receive one large deposit every 30–60 days rather than weekly paychecks. Export 24 months of bank statements to Excel to show all hitch payment deposits — total them and divide by 24 to calculate monthly qualifying income. Lenders need to understand the rotational employment model: mariners are employed for a hitch, then in paid status during relief period at home. The union contract or shipping company employment letter explaining the hitch schedule and annual earning capacity helps lenders understand the income pattern.

Can offshore vessel workers use bank statements for VA loans?

Yes. Merchant mariners who are also veterans can use VA home loan benefits. Export bank statements to show current maritime employment income alongside any VA disability compensation deposits. VA loans count all income sources — mariner hitch wages, union benefits, and VA disability compensation combined create a strong qualifying income picture. VA loans have no down payment requirement and no PMI, making them ideal for mariners who spend extended periods at sea and have limited time to accumulate a large down payment.

Convert Maritime Worker Statement Free